curious if this is even possible

[Andre P.]

I see on YouTube, people talking about leasing other peoples properties on airbnb and assume that's not possible because why would someone allow someone else to lease their property when they can lease their own property out to someone and reap the financial benefit and also I'm going to assume that HOAs can block people from doing that.
Am I correct in my assumption? my Dad ran into this issue in our state.  I Know that if a home resides in a Neighborhood that uses Home Owners Associations(not all neighborhoods have them that I'm aware of) that they have the ability to restrict and impose fines on those that violate the associations bylaws, is it absolutely necessary have their approval to rent the rooms granted you own the property? 

[Nathan Gesner]

This is currently referred to as "arbitrage" but it's essentially subleasing. If you want to learn more about it, go to the forum for REAL ESTATE STRATEGIES > SHORT-TERM AND VACATION RENTALS and search for "arbitrage."

It can absolutely work, with short-term and long-term rentals. For example, I recently saw an owner renting a house for $800 a month. As a property manager, I know the home could rent for $1,400 a month. I could have offered the Landlord $900 a month guaranteed payment if she allows me to sublease. If she agreed, I could then rent the property for $1,400 and make $500 a month cash flow. The maintenance remains with her, she pays the taxes and insurance, so my risk is limited and I would cash flow more than I could with a purchase.

The key is to be open about what you are doing. If you hide it and the Landlord finds out, you are likely to lose the opportunity. You also need to find a way to make it beneficial, like paying them a higher rate, paying a guaranteed rent even when it's empty, handling minor maintenance, etc.

In my case, I was very busy and didn't approach it until it was too late so the opportunity went away.